SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report: October 29, 2002
(Date of earliest event reported)

THE MANITOWOC COMPANY, INC.
(Exact name of registrant as specified in its charter)

Wisconsin	1-11978	39-0448110	
(State or other jurisdiction
of incorporation)	(Commission File Number)	(I.R.S. Employer
Identification Number)	

2400 South 44 Street, Manitowoc, Wisconsin  54221-0066	
(Address of principal executive offices including zip code)	

Registrant's telephone number, including area code (920-684-4410)

Item 5. Other Events

On October 29, 2002 the company issued a press release naming Timothy M. Wood as its new senior vice president and chief financial officer. The press release is attached hereto as Exhibit 99.

Item 7. Financial Statements and Exhibits

(c) Exhibits.

See the Exhibit Index following the Signature page of this Report, which is incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 	THE MANITOWOC COMPANY, INC.	
 	(Registrant)	

DATE:  October 29, 2002	 /s/ Thomas G. Musial                                           	
 	Thomas G. Musial	
 	Senior Vice President - Human Resources & Administration	

THE MANITOWOC COMPANY, INC.

 EXHIBIT INDEX
TO
FORM 8-K CURRENT REPORT

 Dated as of October 29, 2002

Exhibit      No.  	 	
                                           Description                                                 	 	Filed Herewith	
 	 	 	 	 	
99	 	Press release dated October 29, 2002	 	X	

FAX NEWS RELEASE

The Manitowoc Company, Inc.	
P.O. Box 66 u Manitowoc WI 54221-0066	
Telephone: 920-684-4410 u Telefax: 920-652-9778	
Internet: http://www.manitowoc.com	

News for Immediate Release

THE MANITOWOC COMPANY APPOINTS TIMOTHY M. WOOD
AS SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

 Former Borg-Warner executive will head Manitowoc's financial operations

MANITOWOC, WI - October 29, 2002 - The Manitowoc Company, Inc. (NYSE: MTW) today named Timothy M. Wood as its new senior vice president and chief financial officer. He assumes the role from Carl J. Laurino, corporate treasurer, who had been serving on an interim basis since May.

Wood, 54, of Chicago, brings 30 years of financial experience to the post. He previously held the same title at Redem Technologies, but spent the bulk of his career - 23 years - with Borg-Warner Corporation. For six years, he served as vice president of finance and chief financial officer for the billion-dollar company.

"We believe Tim's global management skills, familiarity with the product development process, and broad investor relations experience will be true strategic assets to The Manitowoc Company as we pursue our growth plans," said Terry D. Growcock, Manitowoc's chairman and chief executive officer. "Additionally, Tim is equally experienced in all operational aspects of accounting, as well as in the typical duties associated with a treasurer and chief financial officer."

While at Borg-Warner, Wood helped transform the company from a capital-intensive, highly leveraged organization to one of the largest and most profitable providers of physical security services in the United States. As vice president and corporate controller, Wood was responsible for all financial and operating control activity throughout the company in both its automotive component and security businesses, which included subsidiaries on five continents.

Wood participated in a $5 billion leveraged buyout and was an active member of the restructuring team that divested five major operations and numerous smaller operations - reducing overall debt by about $4.5 billion. In 1993, after the restructuring, Wood helped take Borg Warner Security and Borg Warner Automotive public in two separate transactions. Prior to joining Borg-Warner, Wood worked with the public accounting firm Peat Marwick, Mitchell & Co.

THE MANITOWOC COMPANY APPOINTS TIMOTHY M. WOOD AS SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER / 2

"I'm very pleased to join Manitowoc and its family of market-leading brands," Wood said. "Joining a company that operates in three diverse industries, with a century of history behind and a promising future ahead, is a tremendous opportunity."

Wood succeeds Glen Tellock, who was named president and general manager of Manitowoc's Crane Group earlier this year.

About The Manitowoc Company

The Manitowoc Company, Inc. is a leading producer of lattice-boom cranes, tower cranes, mobile hydraulic cranes, boom trucks, and related products for the global construction industry. It is also a leading manufacturer of ice-cube machines, ice/beverage dispensers, and commercial refrigeration equipment for the foodservice industry. In addition, it is the leading provider of ship repair, conversion, and new-building services for government, military, and commercial customers throughout the maritime industry.

For more information:
 Thomas G. Musial
Senior Vice President - Human Resources & Administration
920-652-1738